Studio Resale at Binghatti Ghost, Al Jaddaf — Below Original Price

Property Overview

This is a studio apartment resale at Binghatti Ghost, a Binghatti Developers tower in Al Jaddaf, Dubai. With a stated size of approximately 348 sq ft, it is offered at AED 650,000 — AED 200,000 below the seller's stated original purchase price of AED 850,000, a discount of about 23.5%, and an indicative AED 1,868 per sq ft.

Property Highlights

• Studio apartment resale at Binghatti Ghost, Al Jaddaf
• Approximately 348 sq ft
• Priced AED 200,000 (about 23.5%) below the stated original purchase price
• Glass-facade tower by Binghatti Developers near Dubai Creek
• Asking price of AED 650,000 (approximately AED 1,868 per sq ft)

Why the Price Qualifies as Below OP

The listing states the studio was originally purchased for AED 850,000. Against the current asking price of AED 650,000, this represents:

• Savings amount: AED 200,000
• Savings versus original price: approximately 23.5%
• Indicative rate: approximately AED 1,868 per sq ft, based on the stated ~348 sq ft

The agent describes the apartment as AED 200,000 below market price. The only benchmark supplied, however, is the seller's original purchase price, so DPF classifies this as Below OP rather than below market; no independent dated market comparable was supplied to verify a below-market claim. The original purchase date was not supplied. Buyers should confirm the original purchase figure and current terms in the signed SPA and DLD records before relying on the discount.

About the Project, Developer and Location

Binghatti Ghost is a residential tower by Binghatti Developers in Al Jaddaf (Healthcare City Phase 2), Dubai, rising around 24 floors with roughly 770 studio to three-bedroom apartments behind a signature glass facade. At launch, studios in the project were marketed from around AED 888,888. Amenities include a swimming pool for adults and children, a gym, a kids' play area, jogging and walking tracks, a multi-purpose lawn and viewing deck, ground-floor retail and covered parking. Al Jaddaf is a waterfront district along Dubai Creek, close to Downtown Dubai and served by Al Jaddaf Metro Station.

Layout and Status

The brief describes a studio of approximately 348 sq ft, consistent with the project's smallest studio layout. The project was scheduled for handover around Q1 2026; as this date has passed, buyers should confirm whether the unit has been handed over and is ready, or remains an off-plan position. Bathroom, parking, floor, furnishing and view were not specified and should be confirmed. To keep this listing accurate, no unit-specific details beyond those supplied have been added.

Sale Type and Terms

The current ready/off-plan status was not supplied. If the unit has been handed over, it transfers as a completed resale; if it remains off-plan, the buyer takes over the seller's position subject to the developer's transfer process. In either case the sale proceeds by signed Sale and Purchase Agreement (SPA) and Dubai Land Department transfer, and the amount paid to date, any outstanding balance, transfer fees and service charge should be confirmed.

Location and Connectivity

Al Jaddaf sits along Dubai Creek with access to Al Khail Road and Sheikh Rashid Road and a metro station, placing Downtown Dubai and Business Bay within a short drive. Specific drive times were not supplied and are not stated here to avoid unverified claims; buyers should confirm distances to their own key destinations.

Verification Notes

• Agent-supplied facts: studio apartment, approximately 348 sq ft, AED 650,000 asking price and the AED 850,000 original purchase price.
• Calculated by DPF: savings of AED 200,000 (about 23.5%) and an indicative AED 1,868 per sq ft.
• Benchmark: seller/advertiser-supplied original purchase price; original purchase date not supplied and not independently verified against DLD records. The agent's 'below market' wording is not asserted by DPF as no market comparable was supplied.
• Status: not supplied; project handover was scheduled around Q1 2026 (now passed), so ready/off-plan status must be confirmed and ready_status was left unset.
• Researched project facts: developer (Binghatti Developers), Al Jaddaf location, amenities and handover schedule were taken from developer/market sources.